Question 1-Process Costing (Weighted-Average Method): Partners in Crime Paint Company uses the weighted-average method to account for costs of production in its process costing system. Partners in Crime manufactures its base paint in two separate departments: Mixing and Packaging. The following information is for the Mixing Department (the first production department in its production process) for the month of March:

	Units (gallons)					Percent Complete with Respect to DM	Percent Complete with Respect to Conversion Costs (DL+OH)
Beginning work in process inventory		35,000				100%		75%
Units started during March		97,000
Units completed and transferred to the Packaging Department during March		80,000				100%		100%
Ending work in process inventory		52,000				80%		60%

The accounting records for the Mixing Department indicate the following additional information:

• Costs in beginning WIP Inventory-Mixing Department totaled $62,696, broken down as follows:
  • $32,112 in DM costs
  • $30,584 in conversion costs
• Costs incurred during the month of March for the Mixing Department totaled $394,000, broken down as follows:
  • $250,000 in actual DM costs
  • $144,000 in conversion costs ($60,000 in DL costs; $84,000 in applied OH costs (applied based on 140% of DL costs))

PART A Calculations for the Mixing Department (use the Weighted-Average Method):

1. Summarize the physical flow of units and compute the equivalent units of production for March for DM and Conversion Costs (DL+OH).
2. Summarize the costs to be costs to be accounted for (separately for DM and Conversion Costs (DL+OH)) and calculate the cost per equivalent unit of production (EUP) for DM and for Conversion Costs for March (round cost per EUP to the nearest cent, i.e. to two decimal places).
3. Using the costs per equivalent unit calculated in part b:
   1. Assign costs to the 77,000 completed units transferred out of the Mixing Department to the Packaging Department
   2. Assign costs to the 55,000 units remaining in ending WIP Inventory Mixing Department
4. Prepare a Process Cost Summary for the Mixing Department for Partners in Crime for the month ended March 31^st.